Author: PPD Team Date: November 12, 2024
Power Finance Corporation Limited (PFC) reported a net profit of Rs 72.15 billion for the quarter ending September 2024, an 8.86 per cent increase from Rs 66.28 billion in the same quarter last year.
The company’s total income also rose by 15.04 per cent, reaching Rs 257.55 billion compared to Rs 223.87 billion in the previous year’s corresponding period.
Author: PPD Team Date: June 23, 2025 NTPC Limited has handed over five hydrogen fuel cell buses to the Sindhu Infrastructure Development Corporation Limited (SIDCO), under the Ladakh administration. These buses will soon begin commercial operations in Leh. This deployment follows the earlier commissioning of India’s highest-altitude hydrogen fuelling and green hydrogen mobility station in Leh in November 2024. Situated at 11,562 feet, the station has a daily capacity of 80 kg of hydrogen and…
Author: PPD Team Date: December 3, 2024 Global green technology leader Envision Energy has partnered with Samruk Energy and Kazakhstan Utility Systems to support Kazakhstan’s renewable energy transition by establishing local manufacturing facilities for wind turbines and energy storage systems. The initiative will focus on producing smart wind turbines and energy storage systems locally, reducing transportation costs, minimizing environmental impact, and fostering energy independence. Kazakhstan Utility Systems CEO Sabyrgali Idrisov highlighted the partnership’s role in…
Author: PPD Team Date: December 16, 2024 Power Grid Corporation of India Limited (PGCIL) has received Letters of Intent (LoI) for two major transmission projects. These include the transmission system under ISTS for evacuating power from Kudankulam Nuclear Power Plant Units 3 and 4 (2×1000 MW) and the system strengthening at Koppal-II and Gadag-II for integrating renewable energy (RE) generation projects in Karnataka. Both schemes will be implemented on a build, own, operate, and transfer…
Author: PPD Team Date: January 13, 2025 NTPC Limited plans to commission Unit-III of the North Karanpura (Pakri Barwadih) Power Project by March 2025. The project, located near Tandwa town in Chatra district, Jharkhand, involves three units of 660 MW each and is being developed at an investment of Rs 151.64 billion. Bharat Heavy Electricals Limited (BHEL) is the engineering, procurement, and construction (EPC) contractor for the project.
Author: PPD Team Date: November 7, 2024 Cadeler has signed firm contracts for transporting and installing 64 offshore wind turbines, each with a capacity of 15 MW, along with their foundations for the East Anglia 2 (EA2) wind farm, a 960 MW project in the UK. The contract value for Cadeler ranges between €360 million ($387 million) and €382 million. ScottishPower Renewables is developing the EA2 project off the coast of East Anglia, with offshore…
Author: PPD Team Date: August 5, 2025 China has formally established China Yajiang Group Corporation Limited, a new state-owned enterprise that will lead the construction of the Medog hydropower project on the Yarlung Tsangpo River, known as the Brahmaputra in India. The announcement, approved by the State Council and issued by the State-owned Assets Supervision and Administration Commission (SASAC), places the company under direct central government oversight. The company’s inauguration ceremony was held on 19…